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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Department of the Treasury that charters and regulates financial institutions. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , To date, Varo has raised $419.4 million.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. In Connecticut, for example, you cannot buy tickets with a credit card.

Ohio 103
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Strategic Insight Buys BrightScope for Reported $35+ Million

Fintech Labs Insights

One of our earliest alums, financial information and technology company BrightScope , has been acquired by data and business intelligence provider, Strategic Insight. ” Commenting on the news, Strategic Insight CEO Joel Mandelbaum said, “BrightScope is well known for its unique retirement data and its technology innovation.

Report 12
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Amazon’s ‘Beehive’, Drone-Carrying Trains Reinforce Focus On Logistics Tech

CB Insights

The patent is the latest illustration of the company’s focus on innovating heavily within fulfillment and logistics. The facility shows multiple levels with multiple landing and take-off locations, depending on local zoning regulations. Want more patent and innovation data? Date granted: May 16, 2017.

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Senate Panel Eyes Algorithms, Social Media and ‘Persuasive Technology’

PYMNTS

The hearing, held by the Senate Commerce subcommittee on Communications, Technology and Innovation, queried researchers and others who were critical of using AI to suggest content to end users. She went on to say that “dark patterns and persuasive technology are not core to our design.”. As quoted by The Hill , Sen.

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FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers

PYMNTS

history, but a part of global economic development stretching back centuries: First comes innovation, then comes growth based on that innovation (not just economic, but cultural and other forms of growth), then comes the regulatory backlash. The formation of the FTC’s Technology Task Force also comes amid more focus from the U.S.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.